Madison Investment Advisors LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,081 shares of the technology company's stock, valued at approximately $3,025,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its position in shares of CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock valued at $359,000 after purchasing an additional 42 shares during the period. Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares during the period. Venturi Wealth Management LLC lifted its position in shares of CyberArk Software by 6.9% in the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock valued at $268,000 after acquiring an additional 52 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of CyberArk Software by 1.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock valued at $1,275,000 after acquiring an additional 53 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of CyberArk Software by 12.7% in the fourth quarter. IFP Advisors Inc now owns 487 shares of the technology company's stock worth $162,000 after acquiring an additional 55 shares during the period. Institutional investors own 91.84% of the company's stock.
CyberArk Software Trading Down 2.8 %
Shares of CYBR stock traded down $9.86 on Wednesday, reaching $348.42. 306,588 shares of the company's stock were exchanged, compared to its average volume of 494,187. The company's fifty day simple moving average is $364.76 and its 200 day simple moving average is $324.98. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The stock has a market capitalization of $17.22 billion, a PE ratio of -178.68 and a beta of 1.06.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Morgan Stanley started coverage on CyberArk Software in a report on Tuesday, March 18th. They issued an "equal weight" rating on the stock. Stifel Nicolaus boosted their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Robert W. Baird boosted their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Finally, Barclays raised their price objective on CyberArk Software from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $418.15.
View Our Latest Report on CYBR
About CyberArk Software
(
Free Report)
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.
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